[Dec 09, 2021] Latest Portfolio Management Professional PfMP Actual Free Exam Questions
Portfolio Management Professional PfMP Dumps Updated Practice Test and 495 unique questions
NEW QUESTION 68
In identifying risks to then manage and control, as the portfolio manager you are consulting organizational process assets such as:
- A. Commercial data bases
- B. Lessons learned
- C. Values
- D. Knowledge bases
Answer: C
NEW QUESTION 69
While managing a program for the banking sector spanning multiple transformational areas. A new portfolio manager comes to you seeking advice on the usefulness of ROI. You tell her that ROI is the best method to measure returns of
- A. Long Duration and High Risk
- B. Short Duration and High Risk
- C. Long Duration and Low Risk
- D. Short Duration and Low Risk
Answer: D
NEW QUESTION 70
You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risks is key to success, and you are coaching your team on the same. While planning for risk management, multiple investment choice tools are used as part of the quantitative and qualitative analyzes. Which of the following tools determines the effects of portfolio velocity?
- A. Time-To-Market Variability
- B. Trade-Off Analysis
- C. Budget Variability
- D. Market Payoff variability
Answer: A
NEW QUESTION 71
Your CEO is keen to know the expected value of multiple components that interest him and wants you to give him a comparison of the expected value across components. You are currently looking for a tool to facilitate comparison of expected value across components and support informed portfolio decision making. What are you looking for?
- A. Portfolio Strategic Plan
- B. Value Measurement Framework
- C. Manage Portfolio Value
- D. Portfolio Process Assets
Answer: B
NEW QUESTION 72
Portfolio Governance is important in a portfolio to maintain correct alignment, monitor and control performance and status, reshuffle the mix of components as found necessary, etc. Governance management includes which of the following processes?
- A. Develop Charter
- B. Optimize Portfolio
- C. Develop Portfolio Communication Plan
- D. Manage Supply & Demand
Answer: B
Explanation:
Explanation
The only process in the governance between the options is Optimize Portfolio
NEW QUESTION 73
You are the manager for a governmental portfolio aiming to restructure the roads in your country. Having a tight schedule, a large number of stakeholders including the public, in addition to a strict budgeting framework, you know that you will be managing the Communication closely and that the governance board and the stakeholders would want to check on the progress and performance frequently. For this you have developed a robust Communication management plan. Which of the below is used while developing this plan?
- A. Elicitation techniques, Value Scoring & Measurement Analysis, Benefits Realization Analysis
- B. Scenario Analysis, Capability & Capacity Analysis, Quantitative & Qualitative Analysis
- C. Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
- D. Elicitation techniques, Capability & Capacity Analysis, PMIS
Answer: C
Explanation:
Explanation
This scenario relates to the tools and techniques of the "Develop Communication Management Plan" process.
The answer to this question is Elicitation techniques, Communication Requirements Analysis, Stakeholder analysis
NEW QUESTION 74
As part of developing the Communication Management Plan, a portfolio manager executes the Communication Requirements Analysis, in addition to Stakeholders Analysis. Which of the following options in your opinion is a result of the Communication Requirements Analysis?
- A. Communication Strategy matrix
- B. Stakeholder matrix
- C. All of the options
- D. Communication Matrix
Answer: D
NEW QUESTION 75
Multiple communication methods are used by the portfolio manager in order to proactively convey messages and engage the stakeholders at the right time and in the right manner. Which tool is used to visually convey multiple messages at the same time?
- A. Resource sheets
- B. Communication Calendar
- C. Dashboards
- D. Efficient Frontiers
Answer: C
NEW QUESTION 76
A portfolio manager needs to continuously balance the need and requirements with the available resources and needs to maintain a balanced portfolio and portfolio resources in order to optimize delivery. For this, you are always on the lookout to optimize your portfolio. What can you use to start this process?
- A. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
- B. Roadmap, Portfolio Strategic Plan, Portfolio, Portfolio Reports, Portfolio Process Assets
- C. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Portfolio Organizational Process Assets
- D. Roadmap, Portfolio Management Plan, Portfolio, Portfolio Reports, Enterprise Environmental Factors
Answer: A
NEW QUESTION 77
Portfolios include a lot of work and as a portfolio manager you need to keep an eye on the value realization while maintaining the strategic alignment. You are currently in the process of monitoring the portfolio to ensure alignment with organizational strategy and objectives and make governance decisions. What do you expect as an outcome to this?
- A. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update
- B. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
- C. Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update Portfolio Updates, Portfolio Strategic Plan updates, Portfolio Reports, Organizational Process Assets update, Portfolio Process Assets update
Answer: B
Explanation:
Explanation
This scenario targets the output of the "Provide Portfolio Oversight" process. The answer to this question is Portfolio Updates, Portfolio Management Plan updates, Portfolio Reports, Portfolio Process Assets update
NEW QUESTION 78
Working as the portfolio manager for your business unit of a major aerospace organization means you have a variety of programs, projects, and operational activities under way. You have set up a number of reports on the progress of the portfolio for your various stakeholders, but the best approach is to monitor the progress of the portfolio against:
- A. Specific key performance indicators for the business unit
- B. Organizational goals
- C. Organizational strategy
- D. Organizational critical success factors
Answer: C
NEW QUESTION 79
In a portfolio you have a continuous interaction between the portfolio and its components. The approach is top down when it comes to offering guidelines and approaches and becomes bottom up when the components report status and progress to the portfolio. Metrics are used for measuring the performance. They need to be meaningful in order to be able to provide clear and logical targets, and in order to be able to be measured.
Which guideline is used in order to develop meaningful measures?
- A. Specific, Meaningful, Achievable, Reachable, Timed
- B. Specific, Meaningful, Accurate, Reachable, Timed
- C. Strong, Meaningful, Accurate, Reachable, Timed
- D. Specific, Measurable, Attainable, Realistic, Time bound
Answer: D
Explanation:
Explanation
In order to develop meaningful measures, the SMART guideline is used: Specific, Measurable, Attainable, Realistic, Time bound
NEW QUESTION 80
The portfolio undergoes a lot of changes through the portfolio life cycle, and the state of the portfolio changes on the go. Some components are terminated, other are added and initiated. When it comes to the authorize portfolio process, which of the following represents the state of the portfolio
- A. List of strategically aligned portfolio components without the need for them to be balanced
- B. List of current components that need to be weighted, scored and ranked
- C. List of selected, balanced and authorized components ready to be initiated
- D. List of selected and balanced components
Answer: D
Explanation:
Explanation
The list of selected and balanced portfolio components coming from the optimize portfolio process is depicted in this scenario and can be used as input to the authorize portfolio process.
NEW QUESTION 81
You are managing a portfolio for your company and are trying to balance the tasks that will be done internally based on the availability and the ones that will be outsourced. Managing supply and demand is a recurring activity in the portfolio life cycle and results in changes in resource utilization and resource efficiency. Where is this type of results normally found?
- A. Portfolio Management plan
- B. Resource Pools
- C. Portfolio Reports
- D. Portfolio Process Assets
Answer: B
Explanation:
Explanation
This scenario targets the end of the Manage Supply and Demand (its outputs). Resource utilization and resource efficiency are typically found in Portfolio Reports as results to the process. Appropriate information is then recorded/updated in other portfolio documents .
NEW QUESTION 82
As the Director of Human Resources, you were pleased to be asked to join the Portfolio Steering Committee in your organization as you feel you can contribute given the scarce subject matter experts as your company begins to enter a new market in children's toys rather than its main focus on video games and apps. Children's toys will represent a new portfolio in the company. However, while you will concentrate primarily on the resource allocation issue as you work to determine the types of projects and programs to pursue, it is important as well to recognize that:
- A. The existing portfolio's prioritization criteria will definitely require changes
- B. External procurements may be needed to acquire the SMEs
- C. The budgets allocated for day-to-day activities may be impacted
- D. The benefits from existing programs under way may not be realized
Answer: C
NEW QUESTION 83
You are managing a large portfolio and know that you will need to constantly show the progress and status of the portfolio in meeting. For this you have developed a robust roadmap using BI tools. The portfolio roadmap is used abundantly as an input to 7 processes. When it comes to managing portfolio value, how is the portfolio roadmap used?
- A. It is not used in managing the portfolio value
- B. Dependencies shown at the roadmap level have positive impacts on the value realized
- C. Delays in delivery of portfolio component results may adversely affect the value derived from the portfolio
- D. Dependencies shown at the roadmap level have negative impacts on the value realized
Answer: C
Explanation:
Explanation
The portfolio roadmap provides a high-level timeline for expected portfolio component delivery. Delays in scheduled delivery of one or more portfolio components can have a ripple effect through the portfolio, effecting resource utilization, and initiation of other portfolio components. Delays in delivery of portfolio component results may adversely affect the value derived from the portfolio
NEW QUESTION 84
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